Remittance

Airwallex, a cross border payment company announced today that they have closed Series C fund raising at $US 100 million. The round brings Airwallex’s total capital raised to over US$200 million. With that Airwallex is now valued at over $US

Just in January, EMQ was named the first fintech startup to be accepted into Taiwan’s Regulatory Sandbox to provide a more convenient and lower cost remittance service for migrant workers sending money home to Vietnam, Indonesia and the Philippines. Now,

Taiwan’s newly formed fintech regulatory sandbox has approved EMQ a cross border remittance startup as its first participant. As the first fintech startup to be accepted into the Taiwan’s Regulatory Sandbox, EMQ will within the Financial Supervisory Commission prescribed timeline,

79% of Hong Kongers don’t understand the true cost of international money transfers, a recent survey has found. Of those interviewed, only 21% of respondents were able to correctly identify the full cost of sending money abroad – which involves

China’s tech giants Alibaba and Tencent are going after global remittances, a market that sees more than US$600 billion being moved around the world annually, according to the World Bank. The two firms recently launched cross-border money transfer services to

Western Union a household name for cross-border remittance along with HKT Payment Limited a Stored Value Facilities (SVF) license holder have signed an agreement to enable Tap & Go customers to user their mobile wallet to send money around the

CurrencyFair, an International Money Transfer service to consumers and businesses has announced a major expansion into Asia through the acquisition of Hong Kong based, Convoy Payments Limited. This announcement follows Hong Kong Special Administrative Region (HKSAR) Financial Secretary Paul Chan’s

Following the completion of its three-month pilot scheme in Hong Kong, UK-based international fintech remittance firm, TransferWise will now fully launch their service for both business and personal use here. TransferWise’ Thrust into Hong Kong TransferWise’s scalable business model has

AlipayHK and GCash announced the launch of a cross-border remittance service through their e-wallet platforms, powered by blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group. Alibpay claims that this is the first blockchain-based

Cross-border finance is developing rapidly thanks to the opening up of China’s capital market, opportunities brought by the development of the Guangdong-Hong Kong-Macao Greater Bay Area. Take Industrial and Commercial Bank of China (Asia) as an example. ICBC (Asia) started its cross-border RMB business in

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of The post A Snapshot of Fintech in Hong Kong in 2019 appeared first on Fintech Hong Kong.